Credit Suisse warns of Q1 loss, shares fall

FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland. REUTERS/Arnd Wiegmann

ZURICH: Credit Suisse Group expects to report a first-quarter loss after increasing legal provisions, seeing business activity slow and taking a hit from the fallout of Russia's invasion of Ukraine, the Swiss bank said on Wednesday.

The bank is still reeling from billions in losses racked up in 2021, which prompted a top management shake-up, and as it faces further probes over compliance and risk failings.